Fairshake Crypto PAC Wins 4 of 5 Primaries But Loses $2 Million Florida Race

TLDR

• Fairshake spent over $2 million trying to defeat Democrat Oliver Gilbert in Florida’s 24th district primary and lost
• Gilbert won with 34.4% of the vote despite a heavy negative ad campaign that used fake Miami Herald headlines
• Fairshake-backed candidates won four of five races across Florida, Alaska, and Wyoming on Tuesday
• The crypto PAC’s overall congressional primary record now stands at 49 wins out of 53 elections
• The makeup of the next Congress could affect the future of the Digital Asset Market Clarity Act

The crypto industry’s top political action committee, Fairshake, had a mixed night in Tuesday’s primary elections, winning four of five races but failing to stop a candidate it spent millions to defeat.

It's a big night tonight for Fairshake, which spent $2 million to try and block an anti-crypto Democrat in Florida. pic.twitter.com/XbNWKaJ878

- Teddy Schleifer (@teddyschleifer) August 18, 2026

Fairshake’s Florida Loss

Fairshake’s affiliate PAC, Protect Progress, spent more than $2 million running negative ads against Oliver Gilbert, a Democrat running for Florida’s 24th congressional district. Gilbert won anyway, taking 34.4% of the vote in a crowded field that included Shevrin Jones and Kendrick Meek.

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